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8541 Deep Street

San Joaquin, CA 93660

– beds
– baths
– sqft
~3 acre lot
2007 build
– on site

Welcome to an incredible investment opportunity featuring 42 fully occupied townhomes in a thriving farming community just 25 minutes from Fresno. The property currently sits at an approximate 6% cap rate, with potential to significantly increase the cap rate by bringing the units up to market rents. These townhomes were built in 2007 and consist of: - 22 three-bedroom, 2.5-bath units at approximately 1,200 sqft - 20 two-bedroom, 1.5-bath units at approximately 900 sqft With each unit assigned its own APN for individual resale, this property offers excellent flexibility for investors. All 42 units are occupied, providing a reliable income stream. San Joaquin Townhomes has a waitlist and quickly fills any vacant units, demonstrating strong demand in this market. The property is low maintenance, which can be a significant advantage for investors looking to minimize upkeep costs and management time. The townhomes benefit from city water and sewer, as well as natural gas services. The grounds are well kept, featuring attractive landscaping, a playground, and a basketball hoop, creating a welcoming environment for residents. This location offers a fantastic living option for those working and living in the area, providing a more affordable alternative to Fresno with a short drive. Don’t miss your chance to capitalize on this promising investment opportunity! Ask about our assumable Mortgage at 4.8%! APNs

Listed By CRMLS_CA / Dylan Shull / Concierge Real Estate Services, Inc. / 209-628-1407

Last checked: Checking… • Last updated Dec 13, 2024 •

MLS# MP24218768 —

The Building

Year Built:

2007
Year Built Source:

Estimated
New Construction:

No
Construction Materials:

Drywall Walls
Building Area Total:

44320.00
Building Area Units:

Square Feet
Total Number Of Units:

42
# of Buildings:

13
Foundation:

Slab
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

42
# of Separate Water Meters:

45
# of Separate Electric Meters:

45

Interior

Levels:

Two
Entry Location:

From Main street
Room Type:

Kitchen, Laundry, Living Room
Laundry:

Inside
Laundry:

1

Location

Directions:

Off of main street in San Joaquin
Latitude:

36.61055000
Longitude:

-120.18279700

The Property

Property Type:

Residential Income
Subtype:

Condominium
Lot Features:

Corner Lot, Cul-De-Sac, Front Yard, Garden, Landscaped, Lawn, Level with Street, Lot Over 40000 Sqft, Yard
Lot Size Area:

111472.0000
Lot Size Acres:

2.5590
Lot Size SqFt:

111472.00
Lot Size Source:

Estimated
Fencing:

Wood
Fence:

Yes
Property Attached:

1
Additional Parcels:

No
Additional Parcels Description:

See Description
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

82.00
Tax Tract:

5814
Tax Lot:

39

The Listing

Special Listing Conditions:

Standard
Parcel Number:

03323423S

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

Electricity Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Biking, Curbs, Park, Sidewalks
Pool:

None
Senior Community:

No
Private Pool:

No

Extra Units

Average 2 Bed Area:

896
Average 3 Bed Area:

1200

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
10/23/24 Oct 23, 2024	Listed / Active	CRMLS_CA	$6,400,000

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This multifamily located in San Joaquin, CA 93660 is currently for sale for $6,400,000. 8541 Deep Street is a – square foot multifamily with – beds and – baths that has been on Estately for 56 days. This multifamily is in the attendance area of Tranquillity High School.

Listing Courtesy of: CRMLS_CA and Concierge Real Estate Services, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 23:57 on Dec 17.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.